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By Chris Isidore, CNN https://edition.cnn.com/2025/01/17/business/california-fire-cost-insurance-premium-hike/index.html New York (CNN) – A recent rule change could cause insurance premiums to spike for homeowners across…
Jan 21, 2025By Megan Fan Munce, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/state-farm-insurance-fire-20034384.php Months before the Los Angeles wildfires (opens in new tab) sparked, State Farm’s California arm was already in…
Jan 21, 2025By Lori Weisberg & Kristen Taketa, SAN DIEGO UNION-TRIBUNE David and Peggy Blue were dumbfounded when they were notified last month that…
Jan 19, 2025By Maxwell Adler, Mark Chediak, and Amanda Albright, BLOOMBERG https://www.bnnbloomberg.ca/investing/2025/01/16/la-fires-test-bond-market-used-to-shaking-off-disasters (Bloomberg) — There’s a truism in municipal debt: Bonds rarely move on natural disasters. That long-tested…
Jan 17, 2025Homeowners everywhere could get stuck with the bill when disaster strikes, experts fear. By Alex Brown, OHIO CAPITAL JOURNAL In the months…
Jan 17, 2025By Alex Brown, STATELINE In the months before thousands of Los Angeles homes went up in flames, property insurance companies dropped coverage…
Jan 16, 2025By Stephen Hobbs, SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article298552728.html A bill meant to help stabilize California’s troubled insurance market has key early support as wildfires…
Jan 16, 2025By Jean Eaglesham and Sara Randazzo, WALL STREET JOURNAL https://www.wsj.com/finance/insurers-rule-change-puts-california-homeowners-on-the-hook-for-l-a-fire-88336040?st=j48Sbs&reflink=desktopwebshare_permalink ALTADENA, Calif.—A little-noticed rule change last year by California’s insurance regulator will likely shift…
Jan 15, 2025By Lois Parshley, LEVER & ROLLINGSTONE https://www.levernews.com/we-will-all-be-paying-for-l-a-s-wildfires/?utm_source=newsletter-email&utm_medium=link&utm_campaign=newsletter-article Over a year before Los Angeles’ uncontrollable wildfires burned through neighborhoods once considered safe, the…
Jan 15, 2025By Hillary Ojeda, LOOKOUT SANTA CRUZ Local insurance agents say they’re hopeful that planned new state regulations will allow them to write…
Jan 13, 2025By Thomas Frank, E&E NEWS The Los Angeles wildfires could force California residents to pay billions of dollars to bail out the…
Jan 10, 2025By Jonalyn Cueto, REINSURANCE BUSINESS https://www.insurancebusinessmag.com/us/news/reinsurance/usaa-leaders-discuss-rising-insurance-costs-in-california-520063.aspx In a recent CNBC interview, USAA’s outgoing CEO Wayne Peacock and incoming CEO Juan Andrade addressed…
Jan 10, 2025By Laurence Darmiento, LOS ANGELES TIMES https://www.latimes.com/business/story/2025-01-09/la-fires-property-home-insurance-crisis-fair-plan-lara-state-farm-allstate-palisades-eaton-altadena-wildfires When raging wildfires tore through Pacific Palisades and other local communities this week, they not…
Jan 10, 2025By Ethan Varian, Molly Gibbs, Jovi Dai, MERCURY NEWS The devastating wildfires burning through Los Angeles County this week are stoking concerns…
Jan 10, 2025By Kenneth Schrupp, THE CENTER SQUARE https://www.thecentersquare.com/california/article_3f92d976-ce0a-11ef-9efc-bb80f6754a0d.html (The Center Square) – California’s fire insurer of last resort has long been on the…
Jan 10, 2025By Jeff Collins & Pat Maio, LOS ANGELES DAILY NEWS Wildfires spared Tim Scanlon’s Altadena home as of Wednesday afternoon, even after…
Jan 9, 2025By Tran Nguyen, ASSOCIATED PRESS https://apnews.com/article/california-wildfires-los-angeles-insurance-6fbb51bd3060743da0638baf4cf2845d SACRAMENTO, Calif. (AP) — The wildfires that destroyed homes in multiple sections of the Los Angeles area will…
Jan 9, 2025By Chris Isidore, CNN https://www.cnn.com/2025/01/09/business/california-wildfires-homeowners-insurance/index.html Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California,…
Jan 9, 2025